Maase (MAAS) Net Current Asset Value: $0.95 (As of Dec. 2025) — 100% Below Median


MAAS Maase Inc MAAS
60 GF Score
Price $12.77
GF Value $22.52
Valuation Significantly Undervalued
! 4 Warning Signs
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What is Maase Net Current Asset Value?

Maase MAAS -26.10% 60 Net Current Asset Value is $0.95 as of Dec. 2025, which is 100% below its 10-year median of 957.65. GuruFocus rates MAAS with a GF Score™ of 60/100 and a GF Value™ of $22.52 (Significantly Undervalued). The stock has 4 warning signs investors should review. Among 369 Asset Management companies, Maase ranks worse than 84.01% on this metric.

In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).

Maase's net current asset value per share for the quarter that ended in Dec. 2025 was $0.95.

The historical rank and industry rank for Maase's Net Current Asset Value or its related term are showing as below:

MAAS' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 5.68   Med: 957.65   Max: 1697.78
Current: 13.44

During the past 9 years, the highest Price-to-Net-Current-Asset-Value Ratio of Maase was 1697.78. The lowest was 5.68. And the median was 957.65.

MAAS's Price-to-Net-Current-Asset-Value is ranked worse than
84.01% of 369 companies
in the Asset Management industry
Industry Median: 3.28 vs MAAS: 13.44

Maase  (NAS:MAAS) Net Current Asset Value Explanation

Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."

The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]

Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.


Maase Net Current Asset Value Related Terms


Maase Net Current Asset Value Historical Data

* Premium members only.

The historical data trend for Maase's Net Current Asset Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Maase Net Current Asset Value Chart

Maase Annual Data
Trend Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Net Current Asset Value
Get a 7-Day Free Trial Premium Member Only 0.44 0.32 0.28 -0.22 -7.96

Maase Semi-Annual Data
Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Current Asset Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.33 -0.22 -0.34 -7.96 0.95

MAAS vs VCTR, HASI, OTF: Net Current Asset Value Comparison

For the Asset Management subindustry, Maase's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Maase Price-to-Net-Current-Asset-Value vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Maase's Price-to-Net-Current-Asset-Value distribution charts can be found below:

* The bar in red indicates where Maase's Price-to-Net-Current-Asset-Value falls into.


MAAS
60GF Score
Maase Inc MAAS
Net Current Asset Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Maase Net Current Asset Value Calculation

Maase's Net Current Asset Value (NCAV) per share for the fiscal year that ended in Jun. 2025 is calculated as

Net Current Asset Value Per Share(A: Jun. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(306.587-164.039-216.146-0)/9.251
=-7.96

Maase's Net Current Asset Value (NCAV) per share for the quarter that ended in Dec. 2025 is calculated as

Net Current Asset Value Per Share(Q: Dec. 2025 )
=(Total Current Assets-Total Liabilities-Minority Interest-Preferred Stock)/Shares Outstanding (EOP)
=(319.629-8.682-6.963-0)/319.842
=0.95

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Net Current Asset Value of $0.95 mean?
Maase (MAAS) has a Net Current Asset Value of $0.95 as of Dec. 2025. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Maase and its competitors. This is 100% below median its historical median of 957.65. Over the past decade, Maase's Net Current Asset Value has ranged from 5.68 to 1,697.78. According to the industry distribution chart, Maase ranks #310 out of 369 companies in the Asset Management industry, placing it in the top 84%.
Is Maase's Net Current Asset Value too high?
Maase's current Net Current Asset Value of $0.95 is 100% below median its 10-year median of 957.65. Over the past 10 years, this metric has ranged from a low of 5.68 to a high of 1,697.78. The Asset Management industry median Net Current Asset Value is 3.28. Maase's value of $0.95 is 71% below this industry median. Based on the distribution chart, Maase ranks #310 out of 369 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Maase has a GF Score™ of 60/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Maase's Net Current Asset Value compare to VCTR and HASI?
According to the Asset Management industry distribution chart, Maase ranks #310 out of 369 companies for Net Current Asset Value. This places Maase in the lower half of its industry. The industry median Net Current Asset Value is 3.28. Maase's value of $0.95 is 71% below this benchmark. Historically, Maase's own Net Current Asset Value has ranged from 5.68 to 1,697.78 over the past decade. While the company's 10-year median is 957.65 vs. the industry median of 3.28, Maase has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for an Asset Management company?
The median Net Current Asset Value among Asset Management companies is 3.28, based on 369 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maase's current Net Current Asset Value of $0.95 is 71% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Maase and its competitors. For the Asset Management industry, the median Net Current Asset Value is 3.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maase's current Net Current Asset Value is $0.95, which is 100% below median its own 10-year median of 957.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maase stock overvalued right now?
Based on GuruFocus' analysis, Maase (MAAS) is currently considered Significantly Undervalued. The stock's GF Value™ is $22.52, compared to a current price of $12.77 — trading 43.3% below its estimated fair value. The current Net Current Asset Value is $0.95, which is 100% below median its 10-year median of 957.65 and 71% below the Asset Management industry median of 3.28. Maase's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Maase (MAAS), the current Net Current Asset Value is $0.95 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Maase (MAAS) Overvalued in 2026?

Based on GuruFocus' analysis, Maase stock appears to be undervalued. The current stock price of $12.77 is trading 43.3% below its estimated GF Value™ of $22.52. GuruFocus considers Maase to be Significantly Undervalued.

Key valuation signals for MAAS:

  • Net Current Asset Value: $0.95 (100% below median its 10-year median of 957.65)
  • GF Value™: $22.52 vs. price of $12.77 (43.3% below fair value)
  • GF Score™: 60/100 with 4 warning signs
  • Industry Position: 71% below the Asset Management median (#310 of 369)

No single metric tells the full story. See the MAAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Maase Business Description

Address No. 399 Huazhaobi Xishun Street, 12th Floor, Block B, Longhu Xicheng Tianjie, Jinniu District, Chengdu Sichuan Province, Guangzhou, CHN, 610036
Maase Inc is a financial technology service group focused on family financial asset allocation. The group operates two segments: the insurance agency segment, which mainly provides agency services for life insurance products and non-life insurance products to individual clients, and the wealth management segment, which offers publicly raised fund products and privately raised fund products. The majority of revenue comes from the insurance agency segment.
60GF Score

Get the complete analysis for MAAS

Net Current Asset Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.77
Price
$22.52
GF Value